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said she was disappointed that it doesn't take any steps to reduce the deficit by raising taxes on upper income americans and senator schumer who is from new york which is one of the highest state taxes in the country took issue with the fact that it eliminates the ability of state and local taxation which is a big thing in california, new york and other high tax states. so they're picking it apart in a way that suggests they're not interested in engaging on it or using it as a starting point. i would like to see them do it just to see where they get. i don't think it would happen, but i think it would be fascinating and it's a real opportunity that sthey shouldn' write-off. >> and on the democrat being side, this proposal includes a bank tax. there are a numb democrchmber o eliminates the so-called carry interest about thatthis proposa tax. there are a number of -- and eliminates the so-called carry interest about that a up 1/2 democrat would be uncomfortable with that as well. >> including schumer. >> exactly. >> earlier brian said something about troll going and i feel they h
. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax credit. this is big for people. when you look at the numbers from the white house, you're talking about well over 1.5 million people effected, $600 for a lot of folks with children under five years old. my view
the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this w
Search Results 0 to 2 of about 3